sp500Thinking we've just completed wave B on the HTF monthly chart in what appears to be a Zig Zag bearish ABC that once completed will make the 5th wave blow off top into summer 2023 or longer / shorter depending on
how long it will take for Wave C to push, judging by the way Fed is reducing interest rates a pause seems likely in the next few meetings. This should be the FA event that sends the stock markets up 1 last time.
US SPX 500
SPX Is Actually Bullish | My Last Analaysis Was Invalidated When i'm wrong, i'm usually wrong very quickly. My last analysis was invalidated within 24 hours, which is ok because now we know the direction for sure.
Its important to know as to why this breakout is important. A structure, as long as 264 days has been broken.
A broken structure leads to change! Usually a change in trend. That does not mean we're going to shoot back up to the moon (we could), but at the very least the downtrend seems to be over.
the next target is 4100, located at the previous resistance.
SPX Model Trading Plans for MON. 01/23Earnings Earnings Everywhere...
The nature and the tone of this week's earnings releases is likely to bring in some choppiness into the price action. According to the trading plans published on Friday, 01/20: "If the index closes above 3950 level, our models will switch from the cautiously bearish bias to a neutral bias. A daily close above 3985 will see our models flip to bullish bias". As such, our models are now sporting a neutral bias, with these levels still applicable.
Positional Trading Models: Our positional trading models indicate going short on the close if the daily close is between 3950 and 3935, with a 35 point trailing stop.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for MON. 01/23:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4002, 3988, 3973, or 3951 with a 9-point trailing stop, and going short on a break below 3999, 3968, or 3947 with a 9-point trailing stop.
Models indicate long exits on a break below 3984, and short exits on a break above 3957 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:36 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
Flight of the stock market for another confirmation!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Previously, he singled out a global countertrend and the asset received a reaction from the trend line to the 3888 zone.
At the moment, on the daily chart, you can see another pull to the global countertrend line, most likely we can again see the reaction from this line approximately to the support zone 3880-3750
Also, do not forget that the next week will be filled with fundamental reports of large companies and this brought strong volatility to the stock market. As I said earlier, the giants' reports may not be entirely positive and this may cause strong sales.
Will SPX's previous support attract buyers?US500 - Intraday - We look to Buy at 3875 (stop at 3855)
Continued downward momentum from 4013 resulted in the pair posting net daily losses yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
The 361.8% Fibonacci extension level of the 4016-3977 move is at 3875.
A Fibonacci confluence area is located at 3875.
There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 3928 and 3990
Resistance: 3928 / 3960 / 3992
Support: 3882 / 3875 / 3850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
S&P500 Is Likely To Go LowerThe SPX made a false breakout. A false breakout means that the price attempted to break out of a pattern, or break support/resistance. The attempt is successful for a short amount of time, before the price goes back to where it was. This usually is a reversal signal.
For now i'm staying bearish, untill the price goes sideways or manages to break the resistance of the channel.
SPX Model Trading Plans for THU. 01/19Upside Momentum Broken Down - Day 2
In our plans published Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg".
The lower bounds of this range has been decisively broken down yesterday. Our models are adapting a cautiously bearish bias while the index is below 3950.
Positional Trading Models: Our positional trading models indicate going long on an intra-day break above 3905 and going short on an intra-day break below 3895, with a trailing stop of 35 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 01/19:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4002, 3963, 3905, or 3882 with a 9-point trailing stop, and going short on a break below 3947, 3900, or 3876 with a 9-point trailing stop.
Models indicate long exits on a break below 3996, and short exits on a break above 3953 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX - Are you ready for this?SPX approaching a downsloping resistance.
It may fakeout above the trendline to trick traders but don't get it twisted. This bear market rally is almost done and it's a time for a major move.
Lower high after lower high is suggesting downtrend continuation.
Are you ready for a 17 % dump? If you are not ready, this is a friendly reminder that it may be a right time to close your longs and enter shorts or stay on the sideline.
It may take some time so be patient!
Good luck!
Just going to leave this here for SPX BULLS...! Happy 2023!!!!So looking at the uber bullish idea that we have bottomed whereby this was some wave 4 which is completed... and now we start some blow-off the top for the next few years....
.....so....,,, in current now times/terms.... let's say we completed the A wave (approx 50% fib), making a B wave now back to 4000 (61%), then go back down to 3720s to finish wave 2 (61%)..
We end up making an inverted head and shoulders in the above occurrence as well with a 20% move on neckline breakout.. -> this takes us to all-time highs on spx500usd.
OR taking the wave 1 projections 1 to 1 or 161% we should get to 4500s then proceed through the year and work out way to approx 5000-5200 peak as we get bullish with pivot news.
Following the FED pivot we dump back to re-test 4000 level, hold it successfully and start the next bull market wave 3 up which will be INSANE!
SEE YOU ON THE OTHER SIDE!
Is it the end of the bear-market rally on the S&P 500?Volatility was high during the Asian and US session yesterday, which saw a reversal of fortunes for the Japanese yen and the US dollar track Wall Street lower by the close on concerns the US is already in a recession.
The yen originally weakened and sent USD/JPY over 250 pips higher as the BOJ did absolutely nothing, catching pre-emptive hawkish bets off guard. Yes with US retail sales sinking to a 12-month low at -1.1% m/m, then industrial production and manufacturing output falling –0.7% m/m and -1.3% respectively, it seems ‘happy new year’ is a distant memory and bears are coming out of hibernation.
The Dow Jones led Wall Street lower (-1.8%) followed by the S&P 500 (-1.56%) and the Nasdaq (-1.3%). It also dragged the dollar lower as traders bet on a lower terminal Fed rate, seeing USD/JPY hand back most of its earlier gains. AUD, CAD and oil were also dragged lower as recession concerns dominated sentiment.
S&P 500 daily chart:
The S&P has stalled at an interesting juncture, and one that may prove to be a major swing high, during its worst session in 21. A large bearish ingulfing candle formed following an intraday false break of 4,000, trend resistance and the 200-day MA. Also note how the S&P has struggled previously at the 50-day MA back in August and twice in December. Volume was also above average to show conviction in the down-day, and the OBV (on balance volume) has been trending lower since November, despite the S&P’s rally since October, to show that bearish volume is dominating overall.
Have we just seen the end of a bear-market rally?
Possibly, perhaps not. But it does appear that a prominent swing high has formed
• Our bias remains bearish below 4016 with an initial target at 3800
• Bears could either enter a break of yesterday’s low, or seek to fade into rallies with yesterday’s bearish candle (this potentially increases the reward to risk ratio)
• If confident this is the end of a bear-market rally, bears could keep an open downside target and manage with a wider stop as it moves lower to managed the inevitable whipsaws along the way
SPX Model Trading Plans for WED. 01/18Earnings, Inflation, and China Re-start
In our trading plans published Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg".
In our trading plans published yesterday, Tuesday 01/17, we wrote: "This range is still in effect for today's session. Models indicate potential risk to the upside than to the downside, so bears might need to be cautious and nimble". These words are still applicable for today's session.
Positional Trading Models: Our positional trading models are currently flat and indicate staying flat until otherwise indicated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 01/18:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4021, 4002, or 3986 with a 9-point trailing stop, and going short on a break below 4018, 3996, or 3983 with a 9-point trailing stop.
Models indicate long exits on a break below 4028, and short exits on a break above 3966 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX Model Trading Plans for TUE. 01/17Earnings Season Kickoff - Day 2
In our trading plans published on Friday, 01/13, we wrote: "With yesterday's post-CPI spike in the markets and this morning's early declines after the key bank earnings, the markets are sitting at a key inflection point. While today's action looks like a consolidation and the probing of a major resistance in the 200-DMA, the price action early next week could give us some early clues into the next leg of the markets".
In our trading plans published Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg". This range is still in effect for today's session. Models indicate potential risk to the upside than to the downside, so bears might need to be cautious and nimble.
Positional Trading Models: Our positional trading models are currently flat and indicate staying flat until otherwise indicated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for TUE. 01/17:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4002, 3986, or 3965 with a 9-point trailing stop, and going short on a break below 3995, 3983, or 3960 with a 9-point trailing stop.
Models indicate no explicit long exits, and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason
Buying SPX at first support.US500 - Intraday - We look to Buy at 3975 (stop at 3955)
4 positive daily performances in succession.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 3975.
The 261.8% Fibonacci extension is located at 4065 from 3763 to 3878.
Our profit targets will be 4022 and 4065
Resistance: 4022 / 4065 / 4137
Support: 3975 / 3920 / 3902
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SPX has crossed 200 DMA for the fourth timeS&P500 has crossed above the 200 DMA for the fourth time.
It is a critical rejection zone that will decide the fate of bulls vs bears.
It would be better to wait for price to move above 4 % of 200 DMA before taking a bullish view due to the past rejections at 3.35% and 2.62% approximately.
I would consider 4,132 level to be safe for long trades and would stay bearish below this level.
SPX (S&P500 Index) - Potential Breakout Before Earnings 01/2023 The SPX (S&P500 Index) price is attempting to breakout above $4000, as earning season kicks off on 1/17/2023.
Bullish scenario: Inverse Head-and-Shoulder price pattern breaks out above $4000 resistance neckline zone. Resistance targets would then be $4085, $4300, $4600.
Bearish scenario: Double-top price pattern rejects price and drops back down to $3900, $3800, $3600. The bottom of the yellow descending wedge trendlines could be an area of support.
Note: be aware of any corporate earnings, breaking/global/fundamental news that could override technical chart setups. Fibonacci retracement levels were selected from 3/2020 to 1/2022.
$SPY AKA Humpty DumptyI'm struggling to understand any of the long ideas out there for $SPY. Not saying I'm right, but there doesn't seem to be much upside left here. Market breadth is very overbought and there's a lot of resistance up top.
I expect the debt ceiling shit show to give us a shorting catalyst. AMEX:SPY
SPX Model Trading Plans for FRI. 01/13Earnings Season Kickoff
With yesterday's post-CPI spike in the markets and this morning's early declines after the key bank earnings, the markets are sitting at a key inflection point. While today's action looks like a consolidation and the probing of a major resistance in the 200-DMA, the price action early next week could give us some early clues into the next leg of the markets.
In our trading plans published Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg". This range is still in effect for today's session.
Positional Trading Models: Our positional trading models are currently flat and indicate staying flat until otherwise indicated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for FRI. 01/12:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4002, 3974, or 3936 with a 9-point trailing stop, and going short on a break below 3968 or 3930 with a 9-point trailing stop.
Models indicate no explicit long exits, and short exits on a cross above 3917 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason
SPX Model Trading Plans for THU. 01/12Inflation Numbers Good, but Not Great
The CPI numbers and Initial Jobless Claims this morning have not really provided any directional thrust other than a huge whipsaw. As of nearly one hour into the release, there is really no directional catalyst on the radar for today. Our models indicate choppy trading while the index is between the broader range of 3900-3965 on a daily close basis, with a mildly bullish bias while above 3965 but below 4002. The index has to clear 4002 for the bullish bias to settle in.
In our trading plans published yesterday, Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg". This range is still in effect for today's session.
Positional Trading Models: Our positional trading models are currently flat and indicate staying flat until otherwise indicated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 01/12:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4002, 3987, 3965, 3953, or 3936 with a 9-point trailing stop, and going short on a break below 3997, 3961, or 3930 with a 9-point trailing stop.
Models indicate no explicit long exits, and short exits on a cross above 3903 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:41 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #cpi